GMO-Z.com Review: Do Traders Face Unfair Tax Payment on Withdrawals?

Do you have to pay taxes or margin when seeking fund withdrawals from GMO-Z.com, a Thailand-based forex broker? Do you witness heavy slippage when trading on the brokers platform? These are some complaints traders have made against the broker. In this GMO-Z.com review article, we have explained these complaints. Take a look!

Elaborating on the Top Forex Trading Complaints Against GMO-Z.com

The Illegitimate Tax Demand Complaint Against GMO-Z.com

Traders have been crying foul over the tax demand that GMO-Z.com is alleged to have placed before them for fund withdrawals. The irony is that even after paying taxes, traders have not been able to withdraw their funds. This allegedly causes damage to the brokers reputation in the trading community. Here are multiple screenshots supporting this complaint.

The Margin Payment Demand Upon GMO-Z.com Withdrawal Request

The broker is also accused of asking traders to pay the margin before accessing fund withdrawals. We found one complaint explaining this trading issue.

The Double Verification Fee Complaint

A trader also pointed out that the broker asked me to pay the verification fee amount twice. Check the screenshot below to know more about it.

Traders Report Heavy Slippage on GMO-Z.com Platform

Due to heavy slippage, traders have been allegedly losing their trading capital on the brokers platform. The lack of a favorable price amid such slippage has been viewed as suspicious by traders. Multiple complaints have been posted in this regard. Take a look.

The Review of GMO-Z.com by WikiFX: Check Out the Score & Regulation Status

The complaints against GMO-Z.com made the WikiFX team investigate the broker thoroughly on several aspects. This included a regulatory status check of the broker. While investigating, the team found the broker to be an unregulated entity. The shocking part is that the situation prevails even when the brokers journey has been more than a decade in the forex space. With financial perils looming large for traders, the WikiFX team gave GMO-Z.com a score of 1.64 out of 10.

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